{"id":129801,"title":"UK Shares Close Higher as Commodities Extend Record Rally","publisher":"Share Talk","author":"sharetalk","published":"2025-11-28T18:29:03+00:00","modified":"2025-11-28T18:29:03+00:00","canonical_url":"https://www.share-talk.com/uk-shares-close-higher-as-commodities-extend-record-rally/","markdown_url":"https://www.share-talk.com/uk-shares-close-higher-as-commodities-extend-record-rally.md","json_url":"https://www.share-talk.com/uk-shares-close-higher-as-commodities-extend-record-rally.json","category":"Blogs","categories":["Blogs","Technology","Technology, Media & Telecoms"],"tags":["capex","china","chinese","CME Group exchange","COMEX","COPPER","Crude prices","FTSE 100","FTSE 250","Gold","Inflation","mid-cap","refiners","smelters","USA"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/10/FTSE-100-31-oct-scaled.webp?fit=1200%2C900&quality=80&ssl=1","format":"news","language":"en-GB","content":"UK equities ended the session modestly higher after largely flat trading on Thursday, supported by renewed strength in energy and mining stocks.\n\nThe FTSE 100 advanced 0.3% to close at 9,720.51, with heavyweight resource names providing much of the upward momentum. The mid-cap FTSE 250 also added just over 0.3% to 22,165.17, although the index remains down 1.42% over the past month, reflecting ongoing pressure on domestically exposed stocks.\n\nIn commodities, momentum continued to build, with silver surging to a record high of $55 per ounce. [Copper](https://www.share-talk.com/copper-hits-record-high-amid-supply-strain-and-surging-demand/) also pushed into fresh territory, climbing 2.5% to reach a new peak of $11,210.50 per tonne, underpinned by tightening supply conditions and robust global demand.\n\nThe strength in metals provided a further tailwind for mining shares, reinforcing their role as a key driver of market performance during the session.\n\nWhile gold prices have climbed to a two-week high and remain on course for a fourth consecutive monthly gain, oil is moving in the opposite direction. Crude prices are set for a fourth straight monthly decline — the longest losing streak in more than two years — as persistent concerns over global oversupply continue to weigh on the market."}